CarGurus
CARG
156 hedge funds and large institutions have $2.69B invested in CarGurus in 2018 Q4 according to their latest regulatory filings, with 43 funds opening new positions, 56 increasing their positions, 44 reducing their positions, and 34 closing their positions.
31% more call options, than puts
Call options by funds: $3.5M | Put options by funds: $2.67M
27% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 44
26% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 34
6% more funds holding
Funds holding: 147 → 156 (+9)
3.65% more ownership
Funds ownership: 85.64% → 89.3% (+3.7%)
18% less funds holding in top 10
Funds holding in top 10: 11 → 9 (-2)
36% less capital invested
Capital invested by funds: $4.23B → $2.69B (-$1.54B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HP
Hound Partners
New York
|
+$84.4M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$62M |
| 3 |
CRCM
Cat Rock Capital Management
Greenwich,
Connecticut
|
+$57.2M |
| 4 |
Renaissance Technologies
New York
|
+$39.3M |
| 5 |
BlackRock
New York
|
+$26.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$121M |
| 2 |
HCM
Hitchwood Capital Management
New York
|
-$33.4M |
| 3 |
SC
Spinnaker Capital
Boston,
Massachusetts
|
-$31M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$23.2M |
| 5 |
AO
Allen Operations
New York
|
-$16.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
UBS AM
Chicago,
Illinois
| – | -$273K | -4,902 | Closed |
|
177
Walleye Trading
New York
| – | -$250K | -4,481 | Closed |
|
|
USAA
178
United Services Automobile Association
San Antonio,
Texas
| – | -$240K | -4,314 | Closed |
|
|
DP
179
DSAM Partners
London,
United Kingdom
| – | -$239K | -4,296 | Closed |
|
|
MF
180
Magnetar Financial
Evanston,
Illinois
| – | -$234K | -4,201 | Closed |
|
181
LPL Financial
San Diego,
California
| – | -$234K | -4,200 | Closed |
|
182
M&T Bank
Buffalo,
New York
| – | -$232K | -4,165 | Closed |
|
183
CIBC Asset Management
Toronto,
Ontario, Canada
| – | -$209K | -3,746 | Closed |
|
|
BFEC
184
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$38K | -675 | Closed |
|
|
MAM
185
Meeder Asset Management
Dublin,
Ohio
| – | -$28K | -499 | Closed |
|
|
AS
186
Altshuler Shaham
Tel Aviv,
Israel
| – | -$8K | -146 | Closed |
|
|
LA
187
Legacy Advisors
Plymouth Meeting,
Pennsylvania
| – | -$5K | -91 | Closed |
|
|
EWM
188
Executive Wealth Management
Brighton,
Michigan
| – | +$401 | +10 | New |
|
CARG Hedge Fund Activity: Q4 2018 in Review
156 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in CarGurus (CARG) for Q4 2018, worth a combined $2.69B — down 36% from $4.23B a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new CARG positions and 34 closed out — a net gain of 9 holders — while 56 added to existing stakes and 44 trimmed.
The largest buyer was Hound Partners, adding an estimated $84.4M. The largest seller was T. Rowe Price Associates, cutting an estimated $121M.
- 156 institutional investors held CarGurus (CARG) as of Q4 2018, up from 147 in Q3 2018.
- Funds reported $2.69B of CarGurus stock for Q4 2018, down 36% quarter-over-quarter.
- 43 funds opened new CarGurus positions in Q4 2018 and 34 closed out, a net change of +9 holders.
- The largest CarGurus buyer in Q4 2018 was Hound Partners, an estimated $84.4M added.
- The largest CarGurus seller in Q4 2018 was T. Rowe Price Associates, an estimated $121M sold.
Based on aggregated 13F filings for Q4 2018.